Reservoir Analysis Market Reaches $22,432 Million by 2019 - Report by MarketsandMarkets

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The report estimates growth and revenue forecasts for the reservoir analysis market. According to the report, rising energy demand and developments in the emerging economies are expected to drive this market at a healthy rate.



Key players are Schlumberger Limited (U.S.), Baker Hughes Inc. (U.S.),Halliburton (U.S.), Weatherford International ltd. (Ireland), SGS SA (Switzerland).

The report published by MarketsandMarkets analyzes the global Reservoir Analysis Market and estimates the future growth trends for the industry across various parts of the world.

Browse 73 market data tables and 65 figures spread through 181 pages and in depth TOC on Reservoir Analysis Market

Early buyers will receive 10% customization on this report.

MarketsandMarkets estimates the reservoir analysis market to grow at an estimated CAGR of 10.6% from 2014 to reach $22,432 million by 2019. According to their report, North America, Middle East and Asia-Pacific are the three large markets for reservoir analysis and are expected to maintain their positions during the next five years.

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As per the report, the North American market is dominated by the data acquisition &monitoring services. These segments captured more than 45% of the total reservoir analysis market in 2013. This segment is followed by reservoir simulation, geo-modeling and Reservoir sampling services.

According to the report, the reservoir analysis market is driven by rising demand for energy across different parts of the world. Apart from that, need to maximize the hydrocarbon recovery and continuous developments in new fields are also projected to drive the industry growth.

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The report profiles some of the leading players in the global reservoir analysis market. These players include Schlumberger Limited (U.S.), Baker Hughes Inc. (U.S.), Halliburton (U.S.), Weatherford International ltd. (Ireland), SGS SA (Switzerland), CGG SA (France), Roxar software solutions AS (Norway), ALS Oil & Gas (Australia), Core Laboratories (U.S.) Expro Group (U.K.), Geokinetices (U.S.), Intertek (U.K.), Paradigm(U.S.), Tracerco (U.K.) and Trican Well Service Limited (Canada). The top four companies in the market including Schlumberger Limited (U.S.), Halliburton (U.S.), Baker Hughes Inc. (U.S.) and Weatherford International ltd occupied more than 80% of the overall shares in the industry.

Based on geographic regions, MarketsandMarkets estimates North America to remain the largest segment in terms of value. It is followed by Middle East. Asia- Pacific is expected to grow at a high CAGR as well.

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About MarketsandMarkets

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 full time analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

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